Tepper's other projects

[1of10Charnatives]

Hello! 

Are you a functioning adult or almost adult with responsibilities like a job, a family, multiple school assignments and obligations like sports teams or clubs and activities? Don't you think it would be absurd if someone told you that despite this baseline level of functionality, that you should not chew gum and instead focus on making sure your children or friends did better in school? Wouldn't you look at them sideways at the absurdity of that notion?

If you're actively concerned about David Tepper's other projects such as the MLS team and the development in SC are taking too much of his focus away from managing the Panthers, you may not realize it but your concern is at a similar level of absurdity. Don't misunderstand me, I'm not suggesting that winning in the NFL is easy and Tepper can, because he's smart and successful, snap his fingers and have the Panthers winning the SB next year, because many things must go right and some of them are a crapshoot where the very best you can possibly do is improve your odds somewhat. But anyone who has been successful at management can tell you that micromanaging as the boss is one of the surest paths to failure. Owning an NFL team successfully from a football standpoint is primarily about making a few critical high level hiring and policy decisions. Making these decisions requires intelligence, insight, careful evaluation; qualities Tepper has proven he has in his previous endeavors, so there is reason for optimism, but no guarantees. What making these decisions does not require is all of your time every day, day after day. 

Managing a hedge fund successfully requires a level of multi tasking that would make many of us dizzy after a single day. Literally hundreds of factors can and do impact the performance of your fund's assets on a daily and even hourly basis. What's LIBOR today? What was it yesterday? Where did the DOW close? The Neikki? Where are ten year treasury notes? Are yields going up or down? Thirty year? Do we need to worry about inflation? The list goes on and on, and is way more complex than just managing a football team and several other business projects. Tepper has been doing it successfully for years better than almost everyone. He can multi task and manage multiple projects and pursuits at a level that very few people can. How do I know this? Because I know people in his industry who are far less successful and they can do these things the way you or I pay our bills every month without difficulty. Relax, it's a non issue.

He may or may not get the Panthers winning super bowls, but whether he can or not won't be impacted by also starting an MLS team or developing land in Rock Hill.

[Daddy_Uncle]

Exactly. Just because you aren't able to walk and chew gum at the same time doesn't mean that Tepper isn't able to

[NAS]

And really - as an owner - all Tepper needs to do is hire a competent GM and Head Coach and let them manage the football side of the business.  If he gets these hires right, it'll set us up for the next 10 years for success.  

[Happy Panther]

Make sure to leave space for the new stadium!

Kidding, kidding.

[Khyber53]

In the end, the Panthers are just one of his many expensive, but hopefully profitable hobbies. And there are only 30 other owners who he has to compete against (the Packers are community owned). 

He just bought a seat at the biggest and most exclusive weekly poker night in the world. 

[heel31ok]

Don't care one bit about his little side projects...

[ellis]

On 12/23/2019 at 8:40 AM, 1of10Charnatives said:

Hello! 

Are you a functioning adult or almost adult with responsibilities like a job, a family, multiple school assignments and obligations like sports teams or clubs and activities? Don't you think it would be absurd if someone told you that despite this baseline level of functionality, that you should not chew gum and instead focus on making sure your children or friends did better in school? Wouldn't you look at them sideways at the absurdity of that notion?

If you're actively concerned about David Tepper's other projects such as the MLS team and the development in SC are taking too much of his focus away from managing the Panthers, you may not realize it but your concern is at a similar level of absurdity. Don't misunderstand me, I'm not suggesting that winning in the NFL is easy and Tepper can, because he's smart and successful, snap his fingers and have the Panthers winning the SB next year, because many things must go right and some of them are a crapshoot where the very best you can possibly do is improve your odds somewhat. But anyone who has been successful at management can tell you that micromanaging as the boss is one of the surest paths to failure. Owning an NFL team successfully from a football standpoint is primarily about making a few critical high level hiring and policy decisions. Making these decisions requires intelligence, insight, careful evaluation; qualities Tepper has proven he has in his previous endeavors, so there is reason for optimism, but no guarantees. What making these decisions does not require is all of your time every day, day after day. 

Managing a hedge fund successfully requires a level of multi tasking that would make many of us dizzy after a single day. Literally hundreds of factors can and do impact the performance of your fund's assets on a daily and even hourly basis. What's LIBOR today? What was it yesterday? Where did the DOW close? The Neikki? Where are ten year treasury notes? Are yields going up or down? Thirty year? Do we need to worry about inflation? The list goes on and on, and is way more complex than just managing a football team and several other business projects. Tepper has been doing it successfully for years better than almost everyone. He can multi task and manage multiple projects and pursuits at a level that very few people can. How do I know this? Because I know people in his industry who are far less successful and they can do these things the way you or I pay our bills every month without difficulty. Relax, it's a non issue.

He may or may not get the Panthers winning super bowls, but whether he can or not won't be impacted by also starting an MLS team or developing land in Rock Hill.

That’s great. I don’t have a problem with soccer, or a big complex in rock Hill. It’s fine. What’s not fine is tripping over your dick in front of the press after your franchise quarterback went out of his way to praise you, your new hires, and the direction of the process. And anybody with any intellectual honesty who has followed the NFL for decades understands what I’m talking about: if you value your franchise quarterback, you don’t say “I’m not a doctor, he’s not a doctor”.

Also, this is his third year, not first. We just need to be real thorough with the facts here. Those first two years count, because it was his team and, quite honestly, another rich dude named Steve Bisciotti didn’t need 5 to 7 years to tear down a fairly competitive team in Baltimore just to build it back up. 

I’m glad you have faith in your team’s owner. Many share your optimism. If you told me two years ago that the big splash was going to consist of offering Baylor’s coach the 6th most lucrative deal in league history, while inviting nearly his entire staff to join, while also retaining  Marty Hurney as GM, now number ONE in terms of personnel decisions, and that the owner would be instrumental in every eval decision on the football side? Oh, and also finding every avenue possible to move on from a 30-year-old franchise quarterback:

I would’ve lol’d. 

David Tepper made his millions, sorry, BILLIONS by being a master of managing numbers. He was a spreadsheet champion. And that’s the same exact game he’s trying to win again, all this time, the NFL calls are tanking. By the way, those same analytics Dave claims to live by, you won’t find one data driven study or an article which supports sucking on purpose in hopes of increasing your odds of a franchise quarterback. 

[The Huddler]

I still find it funny that toads with mustard stains on their chin actually believe they know how to run a franchise, and feel the need to get all emotionally wrapped up in something they cant control. 

 

losers.

 

Go put your energy into something productive and something that you can actually influence and control. Dudes on this site that literally have an ego complex due to their "pie" snd their reputation on here, are quite simply cucks. 

[1of10Charnatives]

3 hours ago, ellis said:

That’s great. I don’t have a problem with soccer, or a big complex in rock Hill. It’s fine. What’s not fine is tripping over your dick in front of the press after your franchise quarterback went out of his way to praise you, your new hires, and the direction of the process. And anybody with any intellectual honesty who has followed the NFL for decades understands what I’m talking about: if you value your franchise quarterback, you don’t say “I’m not a doctor, he’s not a doctor”.

Also, this is his third year, not first. We just need to be real thorough with the facts here. Those first two years count, because it was his team and, quite honestly, another rich dude named Steve Bisciotti didn’t need 5 to 7 years to tear down a fairly competitive team in Baltimore just to build it back up. 

I’m glad you have faith in your team’s owner. Many share your optimism. If you told me two years ago that the big splash was going to consist of offering Baylor’s coach the 6th most lucrative deal in league history, while inviting nearly his entire staff to join, while also retaining  Marty Hurney as GM, now number ONE in terms of personnel decisions, and that the owner would be instrumental in every eval decision on the football side? Oh, and also finding every avenue possible to move on from a 30-year-old franchise quarterback:

I would’ve lol’d. 

David Tepper made his millions, sorry, BILLIONS by being a master of managing numbers. He was a spreadsheet champion. And that’s the same exact game he’s trying to win again, all this time, the NFL calls are tanking. By the way, those same analytics Dave claims to live by, you won’t find one data driven study or an article which supports sucking on purpose in hopes of increasing your odds of a franchise quarterback. 

Hey Ellis, appreciate your thoughts as a level headed veteran observer. Just want to point out that the post wasn’t really about whether Tepper can or will be effective and successful as an owner, but whether concerns about other projects being a distraction from his duties as owner are valid and meaningful concerns. In my view they are not obviously, but that doesn’t really have any bearing on his success or failure as an owner, including the missteps you cited.

He may very well turn out to be Dan Snyder 2.0, but if he does it won’t be because developing land in SC or getting an MLS franchise proved distracting. At the time I wrote the OP (note the date) there was a lot of hand wringing about that here.

[Happy Panther]

 

[bobowilson]

Tepper was on CNBC last month downplaying the effects covid19 would have on the market.

Perhaps he's not quite the visionary we'd like him to be.